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Wall Street to Your Street

January 2018 market recap: Stocks, income and oil prices all on the rise

The economy continued to show improvement in several key areas in January, overshadowing a mediocre fourth quarter 2017 gross domestic product (GDP) report. The stock markets – both in the U.S. and abroad – posted strong gains, oil prices continued to rally, personal income continued to climb, and both retail sales and employment improved during the month.

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Job growth still rolling but at a slower pace in December

The employment market cooled off slightly in December as employers added 148,000 new jobs, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued January 5. For all of 2017, the economy added about 2.1 million jobs – an average of about 175,000 jobs per month.

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2017 market recap: Economy and stock market pick up steam in 2017

The steady economic recovery from the Great Recession continued to build momentum throughout 2017. Gross domestic product (GDP) growth reached a 3.3% annualized rate in the third quarter, the stock market experienced another strong year, the oil industry closed the year on an uptrend, and unemployment dipped to the lowest level since December 2000.

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Job growth remains strong with 228,000 new jobs in November

Employers added 228,000 new jobs in November, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued December 8. That marks the second straight month of over 200,000 new jobs and the 86th consecutive month of employment gains.

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